Washington
Insurance agents and brokers should focus on the medical loss ratio benchmark set for carriers in health care reform legislation because that will determine their future commissions, a health care law and policy expert warns.
Bruce Fried, a partner in the Washington, D.C. office of Sonnenschein Nath & Rosenthal LLP, said the Senate version of the bill sets limits on a health insurer's medical loss ratio–the percentage of premium spent on actual patient care services.
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